Global Vegan Mayonnaise Market Size, Share, Growth & Forecast 2027 | BlueWeave - PDF document

Global Vegan Mayonnaise Market Retains Robust Growth: Likely to Grow at a CAGR of 8.1% by 2027 Global Vegan Mayonnaise Market - Industry Trends & Forecast Report 2027 A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global vegan mayonnaise market is estimated to grow at a CAGR of 8.1% during the forecast period of 2021 - 2027. The vegan mayonnaise market is growing as vegan and plant - based diets are becoming more popular worldwide. Moreover, due to the busy lifesty les of consumers, their growing preference for ready - made flavor - enhancing ingredients such as mayonnaise presents lucrative growth opportunities for the global vegan mayonnaise market. Additionally, its extensive and increasing use in junk food like pizza , burgers, sandwiches, and other food items ensures bright market prospects given the surge in consumption of such items. Furthermore, the growing popularity of vegan mayonnaise and the increasing number of vegan mayonnaise producers worldwide are likely t o propel the market forward during the forecast period. Report Overview The growth of the global vegan mayonnaise market is attributed to factors such as increasing adoption of vegan diet due to growing health consciousness and rising awareness towards ani mal cruelty along with increasing penetration of vegan mayonnaise in retail stores and supermarkets/hypermarkets . View report Press release Sample report Global Vegan Mayonnaise Market Retains Robust Growth: Likely to Grow at a CAGR of 8.1% by 2027 Global Vegan Mayonnaise Market - Industry Trends & Forecast Report 202 7 The global vegan mayonnaise market is estimated to grow at a CAGR of 8. 1% in the forecast period. The market is growing at a high rate as a growing number of people are adopting a vegan diet due to growing awareness regarding animal cruelty and an increasing consciousness regarding health. Furthermore, increasing penetration of vegan mayonnaise in retail stores and supermarkets/hypermarkets is also likely to drive the growth of the global vegan mayonnaise market during the forecast period . Global Vegan Mayonnaise Market - Overvie w Vegan mayonnaise or eggless mayonnaise is produ ced from plant - based ingredients such as olive, flax, sunflower, mustard, avocado, and grape seed. It is gaining huge popularity not only among vegans but general consumers as well because of its better taste than regular mayo . Mayonnaise made from vegan i ngredients has less cholesterol and contains no additives or preservatives, making it an attractive option for health - conscious consumers. Vegan form of mayonnaise is available in different flavors, such as garlic and herb, mint, lime, mild curry, aioli, c hipotle, soy - free, barbequed, and much more . Global Vegan Mayonnaise Market Forecast and Trend s Growth Driver s Growing Trend of Vegan Cultur e The adoption of the vegan lifestyle is rising, especially among young adults, which is emerging as the major drivi ng factor for the global vegan mayonnaise market. The growing consumer awareness regarding the health benefits of plant - based food and side - effects of animal consumption of human health and the environment due to animal agriculture is significantly propell ing the demand for vegan mayonnaise. Another factor contributing to the market’s growth is the increasing prevalence of zoonotic diseases and animal cruelty . Launch of a Wide Range of Vegan Mayonnais e Due to the increasing demand for vegan mayonnaise, manufacturers are launching mayonnaise made from different raw materials, such as avocado oil, apple cider vinegar, soy milk, and quantity packaging. For instance, Hellmann’s recently launched three new fl avors of vegan mayonnaise, i.e., baconnaise, chipotle, and garlic, in the UK market. Another brand called Only Plant Based rolled out vegan mayo in the UK market, which is available at online and offline stores. Such launches are likely to boost the global vegan mayonnaise market in the forecast period . Global Vegan Mayonnaise Market Retains Robust Growth: Likely to Grow at a CAGR of 8.1% by 2027 Restraint s Lack of Essential Nutrients in Vegan/Eggless Mayonnais e Even though vegan mayonnaise is deemed as healthier as compared to regular mayo, it still lacks certain essential nutrients present in mayon naise made of egg. Unlike egg mayonnaise, vegan mayonnaise lacks nutrients such as calcium, vitamin B12, and vitamin D. Moreover, a lack of necessary nutrients leads to reduced consumption, particularly among young and growing children, impeding the market ’s growth. Consequently, this poses significant challenges to the growth of the global vegan mayonnaise market . Impact of COVID - 19 on Global Vegan Mayonnaise Marke t The sudden outbreak of the COVID - 19 pandemic significantly halted the manufacturing and pro duction operations of several industries. The lockdown also hampered the distribution of certain staple food products. However, packaged food products experienced a sharp spike during such times, mainly because of panic buying during the initial lockdown p hase. Because of this, the demand for vegan mayonnaise also increased at a rapid pace, driving the market's growth. Furthermore, the increasing awareness regarding zoonotic diseases after the COVID - 19 outbreak also prompted a rapid shift towards vegan cult ure, which is likely to emerge as the major driving factor for the global vegan mayonnaise market in the post - COVID - 19 period . Global Vegan Mayonnaise Market - By Packagin g Based on packaging, the global vegan mayonnaise market is segmented into glass jars packaging, plastic containers packaging, and pouches packaging. The glass jars packaging segment holds the largest share in the global vegan mayonnaise market. When it come s to storing vegan mayonnaise, glass jars are preferred to other packaging options since glass jars can keep mayonnaise fresh for a long time. Moreover, glass jars do not contain chemicals that can contaminate food. Furthermore, they consume 40% less energ y during manufacturing; hence manufacturers choose glass jars over other types of jars . Global Vegan Mayonnaise Market - By Distribution Channe l Based on distribution channels, the global vegan mayonnaise market is categorized into retail stores, online sa les, and others. Retail stores account for the largest market share due to the availability of a wide assortment of products and brands under one roof at moderate prices. Also contributing to the growth of the global market is the fact that a large percent age of consumers prefer retail stores for buying groceries, including vegan mayonnaise. However, due to the growing popularity of online stores over retail stores during the pandemic, the online segment is likely to witness the highest CAGR during the fore cast period . Global Vegan Mayonnaise Market - Regional Insight s Global Vegan Mayonnaise Market Retains Robust Growth: Likely to Grow at a CAGR of 8.1% by 2027 Geographically, the global vegan mayonnaise market is segmented into North America, Europe, Asia - Pacific, Latin America, Middle - East & Africa. Among these regions, Europe dominates the global vegan mayonnaise market. European countries like the United Kingdom, Austria, Germany, Sweden, Switzerland, etc., are home to a large vegan population, which is driving the demand for vegan mayonnaise. It has been estimated that there are at least 75 milli on vegans and vegetarians in Europe as of 2019 and the number is growing at a high rate. North America is also emerging as a potential market for vegan mayonnaise with the growing trend of vegan culture in the country . Competi tive Landscap e The leading players in the global vegan mayonnaise market are Just Inc., Veeba Food Services Private Limited, Follow Your Heart, Remia C.V., Granovita, Nasoya Foods, Conagra Brands, Inc., Dr. August Oetker KG, Crosse & Blackwell, Kensington & Sons LLC, Nestle, Zydus Wellness Limited, Del Monte Foods Inc., Spectrum Organic Products, LLC, Unilever Group, The Vegan Co., Nayonaise, Best Foods Vegan Dressing & Spread, and other prominent players . The global mayonnaise market is highly fragmented, with the presence of various vegan mayonnaise brands. The companies extensively invest in product launches and improving their distribution channels and marketing strategies to improve their product penetration. They launch products made up of various ingr edients and for various purposes such as sandwich spread, nachos dipping, etc. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market . Recent Development s  In O ctober 2021, a South African fast - food company, Nando, introduced its first vegan product, the Vegan PERinaise, a vegan mayonnaise made from potatoes to replace eggs and gluten .  In September 2021, Trader Joe’s, an American grocery store company, launched v egan mayo as a sandwich spread or salad dressing made with avocado oil, mustard flour, and a blend of garlic, onion, and pepper .  Scope of the Repor t Attribute s Detail s Global Vegan Mayonnaise Market Retains Robust Growth: Likely to Grow at a CAGR of 8.1% by 2027 Years Considere d Historical data – 2017 - 202 0 Base Year – 202 0 Forecast – 2021 – 202 7 Facts Covere d Revenue in USD Millio n Market Coverag e U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabi a Product Service/Segmentatio n By Packaging, By Distribution Channel, By Regio n Key Player s Just Inc., Veeba Food Services Private Limited, Follow Your Heart, Remia C.V., Granovita, Nasoya Foods, Conagra Brands, Inc., Dr. August Oetker KG, Crosse & Blackwell, Kensington & Sons LLC, Nestle, Zydus Wellness Limited, Del Monte Foods Inc., Spectrum Organic Products, LLC, Unilever Group, The Vegan Co., Nayonaise, Best Foods Vegan Dressing & Spread, and other prominent players . By Packagin g  Glass Jars Packagin g  Plastic Containers Packagin g  Pouches Packagin g By Distribution Channe l Global Vegan Mayonnaise Market Retains Robust Growth: Likely to Grow at a CAGR of 8.1% by 2027  Retail Store s  Online Sale s  Other s By Regio n  North Americ a  Europ e  Asia - Pacifi c  Latin Americ a  Middle East & Afric a About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service market s within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information , kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Global Vegan Mayonnaise Market Retains Robust Growth: Likely to Grow at a CAGR of 8.1% by 2027 Global Vegan Mayonnaise Market Retains Robust Growth: Likely to Grow at a CAGR of 8.1% by 2027